JDSU Completes Acquisition of Picolight
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Press release date: May 29, 2007
MILPITAS, Calif., May 29 /-- JDSU, a leading enabler of broadband and optical innovation, today announced the completion of its acquisition of Picolight, a leading designer and manufacturer of optical pluggable transceivers.
The acquisition significantly strengthens JDSU's position in high-growth pluggable optics for the enterprise market and adds an established, vertically integrated manufacturing model.
"Demand for reliable data management and delivery continues to grow, particularly among enterprises," said David Gudmundson, president of JDSU's Optical Communications business segment. "With this acquisition, we are able to serve market demand for 8 and 10 Gigabit data networks, and provide a clear path to 100 Gigabits in the future. We are encouraged by the feedback from customers and are confident that our combined companies have the scale and strength to compete in today's enterprise and service provider markets."
With over 1 million small form-factor pluggable products shipped, Picolight has been a pioneer in developing the vertical cavity surface- emitting laser (VCSEL), a key technology used in high-speed and short-to- medium distance optical interconnects. The addition of Picolight's 850 nanometer (nm) and 1310 nm VCSEL-based transceiver products to JDSU's current data communications product portfolio brings innovative technology with the performance, reliability and manufacturability needed to address a wide range of markets.
JDSU (Nasdaq: JDSU; TSX: JDU) is committed to enabling broadband & optical innovation in the communications, commercial and consumer markets. JDSU is the leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. Furthermore, JDSU is the leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at http://www.jdsu.com/.
Source: JDSU; JDS Uniphase Corporation
CONTACT: Media, Noel Bilodeau, Public Relations, +1-408-546-4567, email@example.com, or Investors, Jacquie Ross, Investor Relations, +1-408-546-4445, firstname.lastname@example.org, both of JDSU
Web site: http://www.jdsu.com/